Warren Buffet put his weight on the defense of Moody’s side. His remarks highlight that Moody shouldn’t 't be held liable for passing up on the housing market percolate.
Moodys CEO





"I was wrong onto it, too," Buffett informed a commission appointed by Congress to investigate the financial crisis. "I named it a bubble-ette. That was the incorrect term to use. It had been a four-star bubble."


{Buffett, whose company Berkshire Hathaway owns more than 13% associated with Moody's stock, was released a subpoena to appear prior to the Financial Crisis Inquiry Fee hearing in Ny. The 10-member panel is actually investigating accusations that Mood

Legendary investor Warren Buffett guarded Moody's and other credit-rating agencies Wednesday, saying they shouldn't be singled out for missing a massive speculative percolate in the housing market.
Moodys CEO




"I was wrong on it, too," Buffett told a commission hired by Congress to research the financial crisis. "I called it a bubble-ette. That was the wrong term to use. It was a four-star bubble.Inch


Buffet of all people was hit with a subpoena recently to divulge information that he knew about Moody’s position. He testified while watching Financial Crisis Inquiry Fee. The Commission consists of 10 members, and they have been requested to look

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